Growth and structured private equity fund research profile
Motilal Oswal India Realty Excellence Fund VI is a closed India-focused residential real-estate vehicle that combines structured equity and debt-like capital for established developers. Public fund materials name investments across Pune, Chennai, Mumbai, Hyderabad and Kolkata, including Radiance Realty, Ajmera Realty, Runwal, Candeur, Casagrand and Ambuja Neotia.
At a glance
Research profile
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Investment lens
Motilal Oswal India Realty Excellence Fund VI uses a growth and structured private equity; residential real estate approach across Residential real estate, mid-income housing, structured equity.
Current evidence
Motilal Oswal Alternates’ July 2025 final-close announcement confirmed INR 2,000 crore of IREF VI commitments; its current IREF VI page continues to show live investments in Gami-Bhagwati, Candeur Builders, ASBL and Ashwin Sheth Group.
Strategy
Growth and structured private equity; residential real estate
Sector focus
Residential real estate, mid-income housing, structured equity
AIF structure context
Indian private equity, growth, buyout and many real-asset strategies are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Motilal Oswal Alternates’ July 2025 final-close announcement confirmed INR 2,000 crore of IREF VI commitments; its current IREF VI page continues to show live investments in Gami-Bhagwati, Candeur Builders, ASBL and Ashwin Sheth Group.
Investor questions
Motilal Oswal India Realty Excellence Fund VI is covered in Rupeia's private equity research universe. The current public record describes the strategy as Growth and structured private equity; residential real estate, with a sector focus of Residential real estate, mid-income housing, structured equity. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Motilal Oswal India Realty Excellence Fund VI in the reviewed public sources: Mantra Properties; Radiance Realty; Ajmera Realty; Gami-Bhagwati; Runwal Group; Candeur Group; Casagrand Group; Ambuja Neotia Group; ASBL; Ashwin Sheth Group. It does not represent a complete current portfolio unless the manager has published one.
The manager reports a 20.3% investment-level IRR on the first IREF VI exit from Radiance Realty. This is a disclosed investment-level outcome, not audited vehicle-level net IRR, DPI or TVPI. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: INR 2,000 crore final close, announced July 2025; the manager also disclosed approximately INR 1,000 crore of co-investment commitments.. Public terms or access information: Residential investments in top Indian cities, primarily mid-income housing, using structured debt and structured equity; fees, carry, hurdle, tenor and reserve policy are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Vishal Tulsyan (Founder & Chairman); Saurabh Rathi (Managing Director & Co-Head, Real Estate); Anand Lakhotia (Managing Director & Co-Head, Real Estate). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review entry valuation, leverage, governance rights, concentration, execution of the value-creation plan and exit timing. The current open diligence point is: The manager does not publish vehicle-level fees, carry, waterfall, net returns or a complete current project schedule. Only developer/project names directly identified on IREF VI materials are included..
2025-07-23: Motilal Oswal Alternates’ July 2025 final-close announcement confirmed INR 2,000 crore of IREF VI commitments; its current IREF VI page continues to show live investments in Gami-Bhagwati, Candeur Builders, ASBL and Ashwin Sheth Group.
Next step
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